On October 20, the Commodity Futures Trading Commission (CFTC) released the agency’s enforcement results for Fiscal Year 2022. The CFTC reports that it filed 82 enforcement actions over the course of the fiscal year and imposed over $2.5 billion in restitution, disgorgement and civil monetary penalties. The agency also highlighted the key role the CFTC Whistleblower Program plays in efforts of the Division of Enforcement (DOE).
“The Whistleblower Program’s importance to the DOE continued to grow in terms of leads, successful enforcement actions, and whistleblower awards,” the CFTC release states. The agency highlights the record-setting whistleblower award issued by the program in fiscal year 2022. The $200 million award is the largest ever granted under the Dodd-Frank Act.
Through the CFTC Whistleblower Program, qualified whistleblowers, individuals who voluntarily provide original information that contributes to a successful enforcement action, are entitled to monetary awards of 10-30% of the funds collected by the government. In its 2022 enforcement results, the CFTC notes that “with that [$200 million] award and others issued during FY 2022, the total sanctions ordered in all whistleblower-related enforcement actions surpassed the $3 billion milestone.”
The CFTC’s 82 enforcement actions in the 2022 fiscal year covered a number of different types of fraud. In the enforcement results the agency particularly highlights the 18 actions related to digital assets and ...
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